Mulholland Kristen 4
4 · JOHNSON & JOHNSON · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Johnson & Johnson (JNJ) Kristen Mulholland Exercises Options & Receives Awards
What Happened
- Kristen Mulholland, EVP & Chief Human Resources Officer at Johnson & Johnson, had derivative awards convert into common stock and received new RSU awards. On Feb 13 and Feb 15, 2026 she converted a total of 5,006 derivative units (RSUs/PSUs/options converted to shares; transaction code M). To cover tax withholding, 1,585 shares were surrendered (transaction code F) yielding $387,146. On Feb 15 she was also granted new RSU awards totaling 21,781 RSUs (transaction code A), which vest per the company’s long-term incentive plan.
Key Details
- Dates and amounts:
- Feb 13, 2026: Converted 4,012 derivative units (410 + 3,602); 1,162 shares withheld for taxes (135 + 1,027) for proceeds of $284,167.
- Feb 15, 2026: Converted 994 derivative units (419 + 575); 423 shares withheld for taxes (172 + 251) for proceeds of $102,979.
- Feb 15, 2026: New RSU awards granted: 20,322 RSUs and 1,459 RSUs (total 21,781).
- Total converted (acquired) from derivatives: 5,006 shares.
- Total shares withheld for taxes (disposed): 1,585 shares; total value reported for withholding: $387,146.
- Transaction codes: M = exercise/conversion of derivative; F = shares withheld for taxes; A = grant/award.
- Footnotes: Conversions relate to RSUs and PSUs awarded under the company’s Long-Term Incentive Plan (noted vesting schedules in filing). Withheld shares were used to satisfy tax liabilities upon vesting.
- Shares owned after transaction: not specified in the summary data provided here—see the Form 4 filing for the "Amount Beneficially Owned Following Reported Transaction."
- Timeliness: Form filed Feb 18, 2026 for transactions dated Feb 13 & Feb 15, 2026. The filing date appears to be within a few business days; check the official Form 4 for any late-filing flag.
Context
- These were vesting/conversion events and grant awards rather than open-market purchases or discretionary sales. The $0 exercise price entries indicate RSU/PSU vesting or conversion (no cash purchase price); shares were withheld to cover tax obligations (a common practice, not an active sale for investment purposes).
- Awards (A) are forward-looking compensation (subject to vesting) and do not represent an immediate market purchase.
- Such withholding disposals are routine and typically reflect tax withholding rather than a decision to sell for investment reasons.
Insider Transaction Report
Form 4
Mulholland Kristen
EVP, Chief HR Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-13+410→ 16,819 total - Tax Payment
Common Stock
[F2]2026-02-13$244.55/sh−135$33,014→ 16,684 total - Exercise/Conversion
Common Stock
[F3]2026-02-13+3,602→ 20,286 total - Tax Payment
Common Stock
[F4]2026-02-13$244.55/sh−1,027$251,153→ 19,259 total - Exercise/Conversion
Common Stock
[F5]2026-02-15+419→ 19,678 total - Tax Payment
Common Stock
[F2]2026-02-15$243.45/sh−172$41,873→ 19,506 total - Exercise/Conversion
Common Stock
[F6]2026-02-15+575→ 20,081 total - Tax Payment
Common Stock
[F2]2026-02-15$243.45/sh−251$61,106→ 19,830 total - Exercise/Conversion
Restricted Share Units
[F1]2026-02-13−410→ 0 total→ Common Stock (410 underlying) - Exercise/Conversion
Performance Share Units
[F3]2026-02-13−3,602→ 0 totalFrom: 2026-02-13→ Common Stock (3,602 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F7]2026-02-15−419→ 418 total→ Common Stock (419 underlying) - Exercise/Conversion
Restricted Share Units
[F6][F7]2026-02-15−575→ 1,150 total→ Common Stock (575 underlying) - Award
Employee Stock Options (Right to Buy)
[F8]2026-02-15+20,322→ 20,322 totalExercise: $243.45Exp: 2036-02-15→ Common Stock (20,322 underlying) - Award
Restricted Share Units
[F9][F7]2026-02-15+1,459→ 1,459 total→ Common Stock (1,459 underlying)
Footnotes (9)
- [F1]Awarded under Issuer's Long-Term Incentive Plan. The Restricted Share Units (RSUs) awarded on February 13, 2023 vest in three annual equal installments beginning on the first anniversary of the grant date. The RSUs convert into shares of Common Stock upon vesting.
- [F2]Shares withheld for payment of taxes upon vesting of RSUs.
- [F3]Performance Share Units (PSUs) awarded under Issuer's Long-Term Incentive Plan on February 13, 2023. The PSUs convert into shares of Common Stock upon vesting.
- [F4]Shares withheld for payment of taxes upon vesting of PSUs.
- [F5]Awarded under Issuer's Long-Term Incentive Plan. The Restricted Share Units (RSUs) awarded on February 15, 2024 vest in three annual equal installments beginning on the first anniversary of the grant date. The RSU convert into shares of Common Stock upon vesting.
- [F6]Awarded under Issuer's Long-Term Incentive Plan. The Restricted Share Units (RSUs) awarded on February 15, 2025 vest in three annual equal installments beginning on the first anniversary of the grant date. The RSUs convert into shares of Common Stock upon vesting on a one for one basis.
- [F7]Each RSU represents a contingent right to receive one share of Company Common Stock.
- [F8]Awarded under Issuer's Long-Term Incentive Plan. The Stock Option Award vests in three equal annual installments beginning on the first anniversary of the grant date.
- [F9]Awarded under Issuer's Long-Term Incentive Plan. The Restricted Share Units (RSUs) awarded on February 15, 2026 vest in three annual equal installments beginning on the first anniversary of the grant date. The RSUs convert into shares of Common Stock upon vesting on a one for one basis.
Signature
/s/ Joleen Morgan, as attorney-in-fact for Kristen Mulholland|2026-02-18